{
  "ticker": {
    "uuid": "10f8fb25-3bb0-4877-9dcd-c70b31842bc0",
    "symbol": "C2PU",
    "name": "Parkway Life Real Estate Investment Trust",
    "exchange": "SES",
    "country": "SG",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^STI",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 76.073,
    "architecture_energy": 85.013,
    "architecture_maturity": 11.597,
    "architecture_confidence": 63.929,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 15.81,
        "rotation_up": 83.61,
        "upward_expansion": 97.68,
        "deceleration": 39.06,
        "rotation_down": 8.5,
        "downward_expansion": 19.68
      },
      "activity_lines": [
        4.194667,
        4.142545,
        4.081381,
        4.058307
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 4.22,
    "trend_reference": 4.038405,
    "distance_from_trend": 0.044967,
    "trend_direction": "Improving",
    "fair_value": 3.702952,
    "distance_from_fair_value": 0.139631,
    "fair_value_direction": "Improving",
    "relative_strength": -12.170849,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.054051,
    "excess_performance": -0.100784,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.044967,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.010316,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.139631,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.045369,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.121708,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.028661,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.054051,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.802876,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4130900,
      "relative_activity": 0.976134,
      "balance": 3.802876,
      "dry_up": 0.992557,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.017864,
      "annualized_volatility": 0.079015,
      "from_high_reference": -0.031412,
      "from_low_reference": 0.085992
    },
    "levels": {
      "trend_reference": 4.038405,
      "fair_value_reference": 3.702952,
      "structural_low": 3.92,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 16,
        "median_return": -0.014594,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.023159,
        "regime_survival": 0.625,
        "best_return": 0.102426,
        "worst_return": -0.090857,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.029111,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.059305,
        "regime_survival": 0.285714,
        "best_return": 0.091817,
        "worst_return": -0.101245,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.034626,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.022539,
        "regime_survival": 0.2,
        "best_return": 0.098153,
        "worst_return": -0.026345,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.121275,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.037676,
        "regime_survival": 0.0,
        "best_return": 0.183274,
        "worst_return": 0.059277,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-31",
        "end": "2024-06-21",
        "tenure": "New",
        "return": -0.022346,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-28",
        "end": "2024-08-16",
        "tenure": "Developing",
        "return": 0.04729,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-23",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": 0.024259,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-01",
        "end": "2025-01-24",
        "tenure": "Established",
        "return": 0.048,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-31",
        "end": "2025-05-16",
        "tenure": "Established",
        "return": 0.07102,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-05-23",
        "end": "2025-08-29",
        "tenure": "Established",
        "return": 0.05398,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-05",
        "end": "2025-10-10",
        "tenure": "Developing",
        "return": -0.009569,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-17",
        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.040964,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-28",
        "end": "2025-12-12",
        "tenure": "New",
        "return": -0.004938,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-19",
        "end": "2026-02-06",
        "tenure": "Developing",
        "return": 0.017456,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-13",
        "end": "2026-06-12",
        "tenure": "Established",
        "return": -0.022333,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-06-19",
        "end": "2026-06-26",
        "tenure": "New",
        "return": 0.038071,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-03",
        "end": "2026-07-10",
        "tenure": "New",
        "return": 0.002439,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.014423,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 3.461446,
        "volume": 2819200,
        "typical_volume": 2058175.0,
        "trend": 3.471627,
        "fair_value": 3.708379,
        "relative_strength": 0.492069,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.422899,
        "energy": 11.013198,
        "activity_lines": [
          3.441647,
          3.422997,
          3.408636,
          3.431669
        ]
      },
      {
        "date": "2023-08-25",
        "close": 3.434262,
        "volume": 1734300,
        "typical_volume": 2091605.0,
        "trend": 3.46964,
        "fair_value": 3.710645,
        "relative_strength": -0.380607,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.70935,
        "energy": 10.070411,
        "activity_lines": [
          3.440732,
          3.427159,
          3.40975,
          3.429259
        ]
      },
      {
        "date": "2023-09-01",
        "close": 3.479569,
        "volume": 1228300,
        "typical_volume": 2094355.0,
        "trend": 3.462928,
        "fair_value": 3.712675,
        "relative_strength": -0.009533,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.376335,
        "energy": 11.189597,
        "activity_lines": [
          3.452989,
          3.438385,
          3.415719,
          3.429899
        ]
      },
      {
        "date": "2023-09-08",
        "close": 3.434262,
        "volume": 1077100,
        "typical_volume": 2071060.0,
        "trend": 3.45678,
        "fair_value": 3.713941,
        "relative_strength": -0.157431,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -8.852057,
        "energy": 10.371144,
        "activity_lines": [
          3.448156,
          3.439538,
          3.417908,
          3.42805
        ]
      },
      {
        "date": "2023-09-15",
        "close": 3.407079,
        "volume": 1447700,
        "typical_volume": 2036195.0,
        "trend": 3.450912,
        "fair_value": 3.713189,
        "relative_strength": -2.784593,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -25.2609,
        "energy": 11.034706,
        "activity_lines": [
          3.436075,
          3.436353,
          3.417794,
          3.424843
        ]
      },
      {
        "date": "2023-09-22",
        "close": 3.343649,
        "volume": 2936000,
        "typical_volume": 2077915.0,
        "trend": 3.441448,
        "fair_value": 3.712452,
        "relative_strength": -2.046936,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -41.308994,
        "energy": 19.482608,
        "activity_lines": [
          3.40285,
          3.421119,
          3.411842,
          3.417923
        ]
      },
      {
        "date": "2023-09-29",
        "close": 3.343649,
        "volume": 2666200,
        "typical_volume": 2150060.0,
        "trend": 3.430798,
        "fair_value": 3.712084,
        "relative_strength": -2.17607,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -53.110512,
        "energy": 30.276626,
        "activity_lines": [
          3.377478,
          3.405713,
          3.406437,
          3.411614
        ]
      },
      {
        "date": "2023-10-06",
        "close": 3.334587,
        "volume": 1757100,
        "typical_volume": 2158685.0,
        "trend": 3.424292,
        "fair_value": 3.711868,
        "relative_strength": -0.901525,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -55.137407,
        "energy": 43.357296,
        "activity_lines": [
          3.355127,
          3.389779,
          3.400421,
          3.405406
        ]
      },
      {
        "date": "2023-10-13",
        "close": 3.343649,
        "volume": 1250600,
        "typical_volume": 2156105.0,
        "trend": 3.418384,
        "fair_value": 3.711763,
        "relative_strength": -0.79767,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.147929,
        "energy": 49.582972,
        "activity_lines": [
          3.345461,
          3.377588,
          3.395647,
          3.400204
        ]
      },
      {
        "date": "2023-10-20",
        "close": 3.189605,
        "volume": 2369400,
        "typical_volume": 2140965.0,
        "trend": 3.410305,
        "fair_value": 3.710828,
        "relative_strength": -1.925788,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -81.051976,
        "energy": 71.219768,
        "activity_lines": [
          3.290489,
          3.33953,
          3.376242,
          3.385444
        ]
      },
      {
        "date": "2023-10-27",
        "close": 3.035562,
        "volume": 2484900,
        "typical_volume": 2202275.0,
        "trend": 3.393238,
        "fair_value": 3.708958,
        "relative_strength": -6.001092,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -91.678975,
        "energy": 86.156234,
        "activity_lines": [
          3.198667,
          3.277418,
          3.342769,
          3.361267
        ]
      },
      {
        "date": "2023-11-03",
        "close": 3.162421,
        "volume": 3216133,
        "typical_volume": 2189011.65,
        "trend": 3.3804,
        "fair_value": 3.707534,
        "relative_strength": -4.502143,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.044964,
        "energy": 77.889695,
        "activity_lines": [
          3.16967,
          3.246115,
          3.322716,
          3.346375
        ]
      },
      {
        "date": "2023-11-10",
        "close": 3.135237,
        "volume": 2038200,
        "typical_volume": 2211866.65,
        "trend": 3.365174,
        "fair_value": 3.70685,
        "relative_strength": -3.99213,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.886585,
        "energy": 79.49981,
        "activity_lines": [
          3.143694,
          3.214812,
          3.301061,
          3.330558
        ]
      },
      {
        "date": "2023-11-17",
        "close": 3.225851,
        "volume": 1514600,
        "typical_volume": 2177166.65,
        "trend": 3.356229,
        "fair_value": 3.706695,
        "relative_strength": -1.693675,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.260063,
        "energy": 68.729096,
        "activity_lines": [
          3.161213,
          3.206245,
          3.289195,
          3.32157
        ]
      },
      {
        "date": "2023-11-24",
        "close": 3.234912,
        "volume": 1507100,
        "typical_volume": 2162471.65,
        "trend": 3.349067,
        "fair_value": 3.706385,
        "relative_strength": -0.46772,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.157995,
        "energy": 41.33695,
        "activity_lines": [
          3.189605,
          3.203115,
          3.279343,
          3.313743
        ]
      },
      {
        "date": "2023-12-01",
        "close": 3.144299,
        "volume": 2370400,
        "typical_volume": 2086106.65,
        "trend": 3.338589,
        "fair_value": 3.706131,
        "relative_strength": -3.094129,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.174041,
        "energy": 39.760729,
        "activity_lines": [
          3.184773,
          3.18664,
          3.261545,
          3.300532
        ]
      },
      {
        "date": "2023-12-08",
        "close": 3.216789,
        "volume": 1431500,
        "typical_volume": 1946346.65,
        "trend": 3.332602,
        "fair_value": 3.706237,
        "relative_strength": -1.531624,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.62229,
        "energy": 26.540032,
        "activity_lines": [
          3.196854,
          3.186969,
          3.251555,
          3.292674
        ]
      },
      {
        "date": "2023-12-15",
        "close": 3.271157,
        "volume": 4050100,
        "typical_volume": 2029076.65,
        "trend": 3.327834,
        "fair_value": 3.706637,
        "relative_strength": -0.124264,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.495776,
        "energy": 20.441911,
        "activity_lines": [
          3.223434,
          3.19949,
          3.247641,
          3.28871
        ]
      },
      {
        "date": "2023-12-22",
        "close": 3.216789,
        "volume": 2474700,
        "typical_volume": 2053736.65,
        "trend": 3.323328,
        "fair_value": 3.706902,
        "relative_strength": -2.591255,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.611869,
        "energy": 20.076261,
        "activity_lines": [
          3.22283,
          3.20328,
          3.2394,
          3.281546
        ]
      },
      {
        "date": "2023-12-29",
        "close": 3.325526,
        "volume": 1492200,
        "typical_volume": 2093286.65,
        "trend": 3.323633,
        "fair_value": 3.707598,
        "relative_strength": -2.433686,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -19.348538,
        "energy": 14.865123,
        "activity_lines": [
          3.259076,
          3.229146,
          3.242679,
          3.281687
        ]
      },
      {
        "date": "2024-01-05",
        "close": 3.325526,
        "volume": 1405500,
        "typical_volume": 2022601.65,
        "trend": 3.323937,
        "fair_value": 3.7084,
        "relative_strength": -0.799883,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -5.388346,
        "energy": 12.637341,
        "activity_lines": [
          3.28928,
          3.252541,
          3.246347,
          3.28181
        ]
      },
      {
        "date": "2024-01-12",
        "close": 3.316465,
        "volume": 1677800,
        "typical_volume": 2019776.65,
        "trend": 3.322161,
        "fair_value": 3.708081,
        "relative_strength": -1.385319,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.142356,
        "energy": 13.389086,
        "activity_lines": [
          3.304383,
          3.269016,
          3.249799,
          3.281327
        ]
      },
      {
        "date": "2024-01-19",
        "close": 3.271157,
        "volume": 2206800,
        "typical_volume": 2068701.65,
        "trend": 3.318579,
        "fair_value": 3.707631,
        "relative_strength": -1.569742,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.79529,
        "energy": 14.266616,
        "activity_lines": [
          3.297738,
          3.274453,
          3.249497,
          3.278037
        ]
      },
      {
        "date": "2024-01-26",
        "close": 3.207728,
        "volume": 1792200,
        "typical_volume": 2104456.65,
        "trend": 3.309919,
        "fair_value": 3.706137,
        "relative_strength": -3.674732,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -19.678537,
        "energy": 11.107794,
        "activity_lines": [
          3.269949,
          3.265885,
          3.244146,
          3.270885
        ]
      },
      {
        "date": "2024-02-02",
        "close": 3.298342,
        "volume": 7967500,
        "typical_volume": 2430446.65,
        "trend": 3.307243,
        "fair_value": 3.705606,
        "relative_strength": -1.49361,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -16.456237,
        "energy": 7.811674,
        "activity_lines": [
          3.27297,
          3.274123,
          3.248504,
          3.270138
        ]
      },
      {
        "date": "2024-02-09",
        "close": 3.395494,
        "volume": 3474200,
        "typical_volume": 2457356.65,
        "trend": 3.309287,
        "fair_value": 3.705162,
        "relative_strength": 2.738169,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.451081,
        "energy": 14.267824,
        "activity_lines": [
          3.310187,
          3.298872,
          3.262633,
          3.275832
        ]
      },
      {
        "date": "2024-02-16",
        "close": 3.432502,
        "volume": 1804600,
        "typical_volume": 2414276.65,
        "trend": 3.310193,
        "fair_value": 3.704902,
        "relative_strength": 1.182501,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 29.852997,
        "energy": 33.790507,
        "activity_lines": [
          3.355075,
          3.325781,
          3.280039,
          3.283781
        ]
      },
      {
        "date": "2024-02-23",
        "close": 3.386242,
        "volume": 3080200,
        "typical_volume": 2480431.65,
        "trend": 3.308076,
        "fair_value": 3.704613,
        "relative_strength": 1.05691,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 29.670311,
        "energy": 45.518407,
        "activity_lines": [
          3.376807,
          3.340358,
          3.292616,
          3.288688
        ]
      },
      {
        "date": "2024-03-01",
        "close": 3.265965,
        "volume": 4011000,
        "typical_volume": 2618451.65,
        "trend": 3.30156,
        "fair_value": 3.702804,
        "relative_strength": -0.838343,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 19.762852,
        "energy": 33.763455,
        "activity_lines": [
          3.350775,
          3.330974,
          3.293493,
          3.285971
        ]
      },
      {
        "date": "2024-03-08",
        "close": 3.275217,
        "volume": 1939300,
        "typical_volume": 2596946.65,
        "trend": 3.297165,
        "fair_value": 3.701857,
        "relative_strength": -0.787964,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 16.757031,
        "energy": 13.302249,
        "activity_lines": [
          3.323945,
          3.322379,
          3.29562,
          3.284271
        ]
      },
      {
        "date": "2024-03-15",
        "close": 3.173445,
        "volume": 4337600,
        "typical_volume": 2689581.65,
        "trend": 3.287565,
        "fair_value": 3.69983,
        "relative_strength": -4.469105,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -19.406507,
        "energy": 16.018889,
        "activity_lines": [
          3.264732,
          3.296193,
          3.287647,
          3.276289
        ]
      },
      {
        "date": "2024-03-22",
        "close": 3.173445,
        "volume": 3530500,
        "typical_volume": 2705300.0,
        "trend": 3.278871,
        "fair_value": 3.697963,
        "relative_strength": -5.663023,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -31.544019,
        "energy": 29.49701,
        "activity_lines": [
          3.220322,
          3.272773,
          3.279018,
          3.268927
        ]
      },
      {
        "date": "2024-03-29",
        "close": 3.238209,
        "volume": 2684800,
        "typical_volume": 2737630.0,
        "trend": 3.270825,
        "fair_value": 3.696886,
        "relative_strength": -3.769118,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.213124,
        "energy": 27.015402,
        "activity_lines": [
          3.214771,
          3.263729,
          3.276504,
          3.266304
        ]
      },
      {
        "date": "2024-04-05",
        "close": 3.247461,
        "volume": 2293300,
        "typical_volume": 2776565.0,
        "trend": 3.264599,
        "fair_value": 3.695761,
        "relative_strength": -3.204419,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -15.791364,
        "energy": 27.558867,
        "activity_lines": [
          3.222172,
          3.256965,
          3.274381,
          3.264796
        ]
      },
      {
        "date": "2024-04-12",
        "close": 3.247461,
        "volume": 3229900,
        "typical_volume": 2862705.0,
        "trend": 3.259278,
        "fair_value": 3.694582,
        "relative_strength": -3.024051,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -11.596795,
        "energy": 18.880865,
        "activity_lines": [
          3.230807,
          3.24948,
          3.272155,
          3.26369
        ]
      },
      {
        "date": "2024-04-19",
        "close": 3.182697,
        "volume": 2586600,
        "typical_volume": 2873515.0,
        "trend": 3.253913,
        "fair_value": 3.692721,
        "relative_strength": -3.660366,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -19.191746,
        "energy": 14.555677,
        "activity_lines": [
          3.219705,
          3.231144,
          3.263701,
          3.25875
        ]
      },
      {
        "date": "2024-04-26",
        "close": 3.275217,
        "volume": 3105100,
        "typical_volume": 2957195.0,
        "trend": 3.251632,
        "fair_value": 3.691207,
        "relative_strength": -3.890742,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 5.322221,
        "energy": 5.807183,
        "activity_lines": [
          3.238826,
          3.233499,
          3.263876,
          3.260124
        ]
      },
      {
        "date": "2024-05-03",
        "close": 3.247461,
        "volume": 2312500,
        "typical_volume": 2870315.0,
        "trend": 3.248728,
        "fair_value": 3.688868,
        "relative_strength": -4.948795,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 4.409171,
        "energy": 5.437004,
        "activity_lines": [
          3.24191,
          3.233667,
          3.261129,
          3.259855
        ]
      },
      {
        "date": "2024-05-10",
        "close": 3.339981,
        "volume": 3857100,
        "typical_volume": 2939435.0,
        "trend": 3.248605,
        "fair_value": 3.68777,
        "relative_strength": -2.095471,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 43.24701,
        "energy": 20.2092,
        "activity_lines": [
          3.275217,
          3.25318,
          3.267307,
          3.265742
        ]
      },
      {
        "date": "2024-05-17",
        "close": 3.330729,
        "volume": 2159500,
        "typical_volume": 2972800.0,
        "trend": 3.25331,
        "fair_value": 3.686289,
        "relative_strength": -2.928298,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 43.076871,
        "energy": 26.656111,
        "activity_lines": [
          3.299272,
          3.269666,
          3.272017,
          3.271041
        ]
      },
      {
        "date": "2024-05-24",
        "close": 3.330729,
        "volume": 1543300,
        "typical_volume": 2979690.0,
        "trend": 3.263148,
        "fair_value": 3.683997,
        "relative_strength": -2.944909,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 52.269121,
        "energy": 38.054937,
        "activity_lines": [
          3.317776,
          3.285142,
          3.276702,
          3.276036
        ]
      },
      {
        "date": "2024-05-31",
        "close": 3.312225,
        "volume": 2207200,
        "typical_volume": 3006160.0,
        "trend": 3.268142,
        "fair_value": 3.681966,
        "relative_strength": -3.965864,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.382087,
        "energy": 41.385368,
        "activity_lines": [
          3.320243,
          3.294394,
          3.279599,
          3.279202
        ]
      },
      {
        "date": "2024-06-07",
        "close": 3.395494,
        "volume": 2953100,
        "typical_volume": 3043475.0,
        "trend": 3.276817,
        "fair_value": 3.67982,
        "relative_strength": -1.34068,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.237177,
        "energy": 54.300723,
        "activity_lines": [
          3.348,
          3.316262,
          3.290448,
          3.287418
        ]
      },
      {
        "date": "2024-06-14",
        "close": 3.367737,
        "volume": 2084500,
        "typical_volume": 3058090.0,
        "trend": 3.281547,
        "fair_value": 3.677712,
        "relative_strength": -1.138648,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.088537,
        "energy": 52.014793,
        "activity_lines": [
          3.356635,
          3.330225,
          3.298061,
          3.293284
        ]
      },
      {
        "date": "2024-06-21",
        "close": 3.238209,
        "volume": 4414800,
        "typical_volume": 2880455.0,
        "trend": 3.281657,
        "fair_value": 3.67391,
        "relative_strength": -5.044696,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 35.390311,
        "energy": 19.650811,
        "activity_lines": [
          3.320244,
          3.318449,
          3.292576,
          3.290488
        ]
      },
      {
        "date": "2024-06-28",
        "close": 3.238209,
        "volume": 2683000,
        "typical_volume": 2840895.0,
        "trend": 3.284787,
        "fair_value": 3.669892,
        "relative_strength": -5.614147,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 10.248194,
        "energy": 5.343593,
        "activity_lines": [
          3.29002,
          3.306842,
          3.287377,
          3.287685
        ]
      },
      {
        "date": "2024-07-05",
        "close": 3.312225,
        "volume": 1520700,
        "typical_volume": 2826700.0,
        "trend": 3.287968,
        "fair_value": 3.665701,
        "relative_strength": -5.479291,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 28.795386,
        "energy": 16.167211,
        "activity_lines": [
          3.290637,
          3.307683,
          3.289976,
          3.289455
        ]
      },
      {
        "date": "2024-07-12",
        "close": 3.432502,
        "volume": 3052000,
        "typical_volume": 2825290.0,
        "trend": 3.293346,
        "fair_value": 3.661796,
        "relative_strength": -4.401978,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 60.917096,
        "energy": 24.715685,
        "activity_lines": [
          3.331346,
          3.32972,
          3.304603,
          3.29878
        ]
      },
      {
        "date": "2024-07-19",
        "close": 3.386242,
        "volume": 3349200,
        "typical_volume": 2792200.0,
        "trend": 3.298995,
        "fair_value": 3.658295,
        "relative_strength": -4.215135,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 53.201863,
        "energy": 33.375783,
        "activity_lines": [
          3.354168,
          3.339981,
          3.314604,
          3.304773
        ]
      },
      {
        "date": "2024-07-26",
        "close": 3.312225,
        "volume": 2495400,
        "typical_volume": 2820005.0,
        "trend": 3.298551,
        "fair_value": 3.654482,
        "relative_strength": -5.631878,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 46.249323,
        "energy": 36.434045,
        "activity_lines": [
          3.351084,
          3.335944,
          3.316983,
          3.305627
        ]
      },
      {
        "date": "2024-08-02",
        "close": 3.410236,
        "volume": 2783200,
        "typical_volume": 2742285.0,
        "trend": 3.301375,
        "fair_value": 3.6503,
        "relative_strength": -1.466646,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 58.169803,
        "energy": 48.930629,
        "activity_lines": [
          3.375736,
          3.350063,
          3.328521,
          3.312832
        ]
      },
      {
        "date": "2024-08-09",
        "close": 3.325216,
        "volume": 3086100,
        "typical_volume": 2720065.0,
        "trend": 3.301667,
        "fair_value": 3.645628,
        "relative_strength": -0.372055,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 48.851963,
        "energy": 31.510519,
        "activity_lines": [
          3.360579,
          3.347279,
          3.330833,
          3.31437
        ]
      },
      {
        "date": "2024-08-16",
        "close": 3.391343,
        "volume": 2629700,
        "typical_volume": 2717310.0,
        "trend": 3.305673,
        "fair_value": 3.640944,
        "relative_strength": -1.003162,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 53.63551,
        "energy": 26.897637,
        "activity_lines": [
          3.366599,
          3.356281,
          3.338721,
          3.320156
        ]
      },
      {
        "date": "2024-08-23",
        "close": 3.504703,
        "volume": 2645700,
        "typical_volume": 2734930.0,
        "trend": 3.315572,
        "fair_value": 3.637205,
        "relative_strength": 1.32644,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.482109,
        "energy": 52.17176,
        "activity_lines": [
          3.413149,
          3.38597,
          3.356675,
          3.332996
        ]
      },
      {
        "date": "2024-08-30",
        "close": 3.542489,
        "volume": 2689100,
        "typical_volume": 2707890.0,
        "trend": 3.32371,
        "fair_value": 3.633327,
        "relative_strength": 0.874343,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.258439,
        "energy": 62.69248,
        "activity_lines": [
          3.464397,
          3.420039,
          3.377004,
          3.347636
        ]
      },
      {
        "date": "2024-09-06",
        "close": 3.646402,
        "volume": 3560500,
        "typical_volume": 2756585.0,
        "trend": 3.332074,
        "fair_value": 3.630496,
        "relative_strength": 3.515836,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.714001,
        "energy": 80.033426,
        "activity_lines": [
          3.534932,
          3.467469,
          3.405823,
          3.368455
        ]
      },
      {
        "date": "2024-09-13",
        "close": 3.788102,
        "volume": 4000200,
        "typical_volume": 2801340.0,
        "trend": 3.343927,
        "fair_value": 3.629117,
        "relative_strength": 4.224415,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.886612,
        "energy": 90.256313,
        "activity_lines": [
          3.636956,
          3.53324,
          3.44593,
          3.397876
        ]
      },
      {
        "date": "2024-09-20",
        "close": 3.863675,
        "volume": 5514100,
        "typical_volume": 2961420.0,
        "trend": 3.359842,
        "fair_value": 3.628223,
        "relative_strength": 4.437714,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.627342,
        "energy": 95.169748,
        "activity_lines": [
          3.733311,
          3.6041,
          3.490793,
          3.431408
        ]
      },
      {
        "date": "2024-09-27",
        "close": 3.967588,
        "volume": 3853700,
        "typical_volume": 2961250.0,
        "trend": 3.383229,
        "fair_value": 3.628701,
        "relative_strength": 8.643683,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.971601,
        "energy": 95.226619,
        "activity_lines": [
          3.832816,
          3.686014,
          3.542617,
          3.470618
        ]
      },
      {
        "date": "2024-10-04",
        "close": 3.854228,
        "volume": 4640800,
        "typical_volume": 3085315.0,
        "trend": 3.402529,
        "fair_value": 3.628725,
        "relative_strength": 5.029615,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.883036,
        "energy": 87.392556,
        "activity_lines": [
          3.863675,
          3.736746,
          3.580656,
          3.501005
        ]
      },
      {
        "date": "2024-10-11",
        "close": 3.825888,
        "volume": 2728200,
        "typical_volume": 3144560.0,
        "trend": 3.424278,
        "fair_value": 3.628566,
        "relative_strength": 4.664383,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.218303,
        "energy": 82.763194,
        "activity_lines": [
          3.864305,
          3.772472,
          3.613504,
          3.528318
        ]
      },
      {
        "date": "2024-10-18",
        "close": 3.769208,
        "volume": 2355600,
        "typical_volume": 3151980.0,
        "trend": 3.444136,
        "fair_value": 3.628099,
        "relative_strength": 1.234461,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.586325,
        "energy": 61.285263,
        "activity_lines": [
          3.834075,
          3.790334,
          3.638595,
          3.550572
        ]
      },
      {
        "date": "2024-10-25",
        "close": 3.589722,
        "volume": 9505500,
        "typical_volume": 3479600.0,
        "trend": 3.455853,
        "fair_value": 3.625775,
        "relative_strength": -2.344963,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.30199,
        "energy": 37.775819,
        "activity_lines": [
          3.745277,
          3.767491,
          3.644417,
          3.559964
        ]
      },
      {
        "date": "2024-11-01",
        "close": 3.589472,
        "volume": 7329100,
        "typical_volume": 3741830.0,
        "trend": 3.467254,
        "fair_value": 3.622796,
        "relative_strength": -1.315352,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.086727,
        "energy": 26.161214,
        "activity_lines": [
          3.674658,
          3.740995,
          3.64929,
          3.568585
        ]
      },
      {
        "date": "2024-11-08",
        "close": 3.436321,
        "volume": 17433400,
        "typical_volume": 4392760.0,
        "trend": 3.473549,
        "fair_value": 3.61848,
        "relative_strength": -9.664373,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 5.08502,
        "energy": 21.702384,
        "activity_lines": [
          3.578198,
          3.685112,
          3.638521,
          3.566589
        ]
      },
      {
        "date": "2024-11-15",
        "close": 3.426749,
        "volume": 3692500,
        "typical_volume": 4443235.0,
        "trend": 3.481684,
        "fair_value": 3.613171,
        "relative_strength": -10.206774,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 0.620184,
        "energy": 25.704017,
        "activity_lines": [
          3.506406,
          3.629419,
          3.625897,
          3.56357
        ]
      },
      {
        "date": "2024-11-22",
        "close": 3.503324,
        "volume": 4712100,
        "typical_volume": 4602805.0,
        "trend": 3.489288,
        "fair_value": 3.608243,
        "relative_strength": -8.041602,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -17.168326,
        "energy": 31.59543,
        "activity_lines": [
          3.48675,
          3.591642,
          3.619668,
          3.564966
        ]
      },
      {
        "date": "2024-11-29",
        "close": 3.637331,
        "volume": 5296600,
        "typical_volume": 4715035.0,
        "trend": 3.502283,
        "fair_value": 3.604393,
        "relative_strength": -4.271245,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.254417,
        "energy": 21.380895,
        "activity_lines": [
          3.529487,
          3.583408,
          3.625292,
          3.574517
        ]
      },
      {
        "date": "2024-12-06",
        "close": 3.627759,
        "volume": 2718000,
        "typical_volume": 4683475.0,
        "trend": 3.511876,
        "fair_value": 3.599879,
        "relative_strength": -5.813645,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.203873,
        "energy": 12.567361,
        "activity_lines": [
          3.565861,
          3.577549,
          3.629028,
          3.582612
        ]
      },
      {
        "date": "2024-12-13",
        "close": 3.48418,
        "volume": 2568800,
        "typical_volume": 4687145.0,
        "trend": 3.516991,
        "fair_value": 3.595048,
        "relative_strength": -9.646648,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.455051,
        "energy": 7.811497,
        "activity_lines": [
          3.551822,
          3.551764,
          3.617941,
          3.580826
        ]
      },
      {
        "date": "2024-12-20",
        "close": 3.474609,
        "volume": 5243000,
        "typical_volume": 4810135.0,
        "trend": 3.521787,
        "fair_value": 3.589498,
        "relative_strength": -7.546027,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.687256,
        "energy": 8.166052,
        "activity_lines": [
          3.531402,
          3.530966,
          3.605123,
          3.578091
        ]
      },
      {
        "date": "2024-12-27",
        "close": 3.551184,
        "volume": 1241800,
        "typical_volume": 4717920.0,
        "trend": 3.529752,
        "fair_value": 3.584165,
        "relative_strength": -6.65313,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.043532,
        "energy": 14.035606,
        "activity_lines": [
          3.533316,
          3.530478,
          3.599291,
          3.579988
        ]
      },
      {
        "date": "2025-01-03",
        "close": 3.618187,
        "volume": 1896500,
        "typical_volume": 4681260.0,
        "trend": 3.537176,
        "fair_value": 3.5797,
        "relative_strength": -5.48041,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.311335,
        "energy": 15.372598,
        "activity_lines": [
          3.554374,
          3.546137,
          3.598765,
          3.585693
        ]
      },
      {
        "date": "2025-01-10",
        "close": 3.608615,
        "volume": 2889100,
        "typical_volume": 4693430.0,
        "trend": 3.545205,
        "fair_value": 3.575556,
        "relative_strength": -5.561725,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.165888,
        "energy": 12.550898,
        "activity_lines": [
          3.573518,
          3.559537,
          3.596247,
          3.590302
        ]
      },
      {
        "date": "2025-01-17",
        "close": 3.637331,
        "volume": 3629800,
        "typical_volume": 4740465.0,
        "trend": 3.558509,
        "fair_value": 3.571707,
        "relative_strength": -4.889087,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.100133,
        "energy": 18.652621,
        "activity_lines": [
          3.60351,
          3.577811,
          3.595969,
          3.596246
        ]
      },
      {
        "date": "2025-01-24",
        "close": 3.761766,
        "volume": 4733700,
        "typical_volume": 4799125.0,
        "trend": 3.575961,
        "fair_value": 3.569805,
        "relative_strength": -1.416788,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 58.304843,
        "energy": 37.899988,
        "activity_lines": [
          3.66477,
          3.615055,
          3.60709,
          3.609359
        ]
      },
      {
        "date": "2025-01-31",
        "close": 3.704334,
        "volume": 2971134,
        "typical_volume": 4747671.7,
        "trend": 3.589031,
        "fair_value": 3.567227,
        "relative_strength": -4.079188,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 49.652867,
        "energy": 44.849181,
        "activity_lines": [
          3.687743,
          3.635765,
          3.612192,
          3.617641
        ]
      },
      {
        "date": "2025-02-07",
        "close": 3.809626,
        "volume": 9139905,
        "typical_volume": 4928961.95,
        "trend": 3.601602,
        "fair_value": 3.566153,
        "relative_strength": -1.315092,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.13802,
        "energy": 67.204059,
        "activity_lines": [
          3.735603,
          3.671964,
          3.627721,
          3.631873
        ]
      },
      {
        "date": "2025-02-14",
        "close": 3.726676,
        "volume": 5610500,
        "typical_volume": 5016801.95,
        "trend": 3.61295,
        "fair_value": 3.564712,
        "relative_strength": -3.671002,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.52702,
        "energy": 61.141871,
        "activity_lines": [
          3.74305,
          3.689949,
          3.635607,
          3.639943
        ]
      },
      {
        "date": "2025-02-21",
        "close": 3.668898,
        "volume": 5241500,
        "typical_volume": 5046836.95,
        "trend": 3.624839,
        "fair_value": 3.563618,
        "relative_strength": -6.195543,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 46.233127,
        "energy": 41.993029,
        "activity_lines": [
          3.723367,
          3.69563,
          3.639138,
          3.643552
        ]
      },
      {
        "date": "2025-02-28",
        "close": 3.649639,
        "volume": 8526600,
        "typical_volume": 5336756.95,
        "trend": 3.632819,
        "fair_value": 3.561462,
        "relative_strength": -5.677014,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 41.487954,
        "energy": 25.774562,
        "activity_lines": [
          3.69516,
          3.694451,
          3.641717,
          3.645152
        ]
      },
      {
        "date": "2025-03-07",
        "close": 3.784454,
        "volume": 4463601,
        "typical_volume": 5442157.0,
        "trend": 3.648127,
        "fair_value": 3.560006,
        "relative_strength": -2.522498,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.962874,
        "energy": 30.98849,
        "activity_lines": [
          3.719367,
          3.714602,
          3.657975,
          3.654935
        ]
      },
      {
        "date": "2025-03-14",
        "close": 3.909639,
        "volume": 10449800,
        "typical_volume": 5489372.0,
        "trend": 3.665403,
        "fair_value": 3.559131,
        "relative_strength": 2.72372,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.6196,
        "energy": 43.453452,
        "activity_lines": [
          3.77996,
          3.753272,
          3.686082,
          3.671807
        ]
      },
      {
        "date": "2025-03-21",
        "close": 3.986676,
        "volume": 9912100,
        "typical_volume": 5618522.0,
        "trend": 3.681469,
        "fair_value": 3.558915,
        "relative_strength": 2.277547,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.617425,
        "energy": 73.572935,
        "activity_lines": [
          3.859565,
          3.80065,
          3.720003,
          3.692534
        ]
      },
      {
        "date": "2025-03-28",
        "close": 3.996306,
        "volume": 4519300,
        "typical_volume": 4972817.0,
        "trend": 3.696596,
        "fair_value": 3.557988,
        "relative_strength": 1.334751,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.464482,
        "energy": 81.981549,
        "activity_lines": [
          3.925047,
          3.842905,
          3.75295,
          3.712846
        ]
      },
      {
        "date": "2025-04-04",
        "close": 4.102233,
        "volume": 7606700,
        "typical_volume": 5168527.0,
        "trend": 3.711791,
        "fair_value": 3.55741,
        "relative_strength": 7.873828,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.74152,
        "energy": 87.425364,
        "activity_lines": [
          4.00401,
          3.897893,
          3.793319,
          3.739016
        ]
      },
      {
        "date": "2025-04-11",
        "close": 3.996306,
        "volume": 10636800,
        "typical_volume": 5464762.0,
        "trend": 3.718731,
        "fair_value": 3.556042,
        "relative_strength": 14.179311,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.251792,
        "energy": 76.593462,
        "activity_lines": [
          4.017491,
          3.92743,
          3.820382,
          3.757372
        ]
      },
      {
        "date": "2025-04-18",
        "close": 4.025195,
        "volume": 3707400,
        "typical_volume": 5385302.0,
        "trend": 3.724115,
        "fair_value": 3.55508,
        "relative_strength": 8.413704,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.957387,
        "energy": 65.128001,
        "activity_lines": [
          4.026479,
          3.956912,
          3.84785,
          3.777144
        ]
      },
      {
        "date": "2025-04-25",
        "close": 4.025195,
        "volume": 3897000,
        "typical_volume": 5444252.0,
        "trend": 3.726035,
        "fair_value": 3.554173,
        "relative_strength": 5.370663,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.578307,
        "energy": 51.151917,
        "activity_lines": [
          4.027763,
          3.982474,
          3.87347,
          3.796569
        ]
      },
      {
        "date": "2025-05-02",
        "close": 4.044455,
        "volume": 4410100,
        "typical_volume": 5536317.0,
        "trend": 3.732376,
        "fair_value": 3.553776,
        "relative_strength": 5.153835,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.280961,
        "energy": 46.436294,
        "activity_lines": [
          4.032899,
          4.006111,
          3.899032,
          3.817112
        ]
      },
      {
        "date": "2025-05-09",
        "close": 4.073344,
        "volume": 4946600,
        "typical_volume": 5521497.0,
        "trend": 3.740624,
        "fair_value": 3.553674,
        "relative_strength": 4.984953,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.656958,
        "energy": 46.640517,
        "activity_lines": [
          4.044455,
          4.028172,
          3.924678,
          3.83911
        ]
      },
      {
        "date": "2025-05-16",
        "close": 3.967417,
        "volume": 5659900,
        "typical_volume": 5742402.0,
        "trend": 3.747231,
        "fair_value": 3.55201,
        "relative_strength": 1.660611,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.763958,
        "energy": 34.093923,
        "activity_lines": [
          4.022627,
          4.023269,
          3.937384,
          3.853742
        ]
      },
      {
        "date": "2025-05-23",
        "close": 3.928898,
        "volume": 2102800,
        "typical_volume": 5752717.0,
        "trend": 3.758537,
        "fair_value": 3.550597,
        "relative_strength": 1.059294,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.1572,
        "energy": 27.700242,
        "activity_lines": [
          3.989886,
          4.008037,
          3.944439,
          3.865462
        ]
      },
      {
        "date": "2025-05-30",
        "close": 3.919269,
        "volume": 3313900,
        "typical_volume": 5773957.0,
        "trend": 3.769531,
        "fair_value": 3.548404,
        "relative_strength": 0.469768,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.52341,
        "energy": 19.867632,
        "activity_lines": [
          3.960355,
          3.990703,
          3.949098,
          3.875832
        ]
      },
      {
        "date": "2025-06-06",
        "close": 3.89038,
        "volume": 6267400,
        "typical_volume": 5905837.0,
        "trend": 3.784666,
        "fair_value": 3.546191,
        "relative_strength": -1.218611,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.836585,
        "energy": 20.232873,
        "activity_lines": [
          3.928257,
          3.969343,
          3.949527,
          3.883628
        ]
      },
      {
        "date": "2025-06-13",
        "close": 3.871121,
        "volume": 3704500,
        "typical_volume": 5854377.0,
        "trend": 3.799478,
        "fair_value": 3.544462,
        "relative_strength": -1.072872,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.083776,
        "energy": 15.170592,
        "activity_lines": [
          3.90001,
          3.946407,
          3.946916,
          3.889206
        ]
      },
      {
        "date": "2025-06-20",
        "close": 3.90001,
        "volume": 5970300,
        "typical_volume": 6004335.3,
        "trend": 3.812701,
        "fair_value": 3.542918,
        "relative_strength": 0.335939,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.446806,
        "energy": 14.401704,
        "activity_lines": [
          3.894874,
          3.932926,
          3.946535,
          3.895692
        ]
      },
      {
        "date": "2025-06-27",
        "close": 3.957788,
        "volume": 3932500,
        "typical_volume": 5743965.05,
        "trend": 3.823383,
        "fair_value": 3.541469,
        "relative_strength": -0.352795,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.728469,
        "energy": 12.144804,
        "activity_lines": [
          3.913491,
          3.9317,
          3.950726,
          3.905053
        ]
      },
      {
        "date": "2025-07-04",
        "close": 3.957788,
        "volume": 4125100,
        "typical_volume": 5669695.05,
        "trend": 3.834384,
        "fair_value": 3.539909,
        "relative_strength": -1.558451,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.536055,
        "energy": 9.423151,
        "activity_lines": [
          3.930183,
          3.9317,
          3.954211,
          3.913724
        ]
      },
      {
        "date": "2025-07-11",
        "close": 3.880751,
        "volume": 5395500,
        "typical_volume": 5677395.05,
        "trend": 3.847603,
        "fair_value": 3.538683,
        "relative_strength": -5.168188,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 9.667047,
        "energy": 6.970132,
        "activity_lines": [
          3.918627,
          3.918919,
          3.949259,
          3.916715
        ]
      },
      {
        "date": "2025-07-18",
        "close": 3.880751,
        "volume": 2794500,
        "typical_volume": 5390790.05,
        "trend": 3.861141,
        "fair_value": 3.537733,
        "relative_strength": -7.370513,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.993307,
        "energy": 6.056,
        "activity_lines": [
          3.907714,
          3.909114,
          3.943297,
          3.918854
        ]
      },
      {
        "date": "2025-07-25",
        "close": 3.90001,
        "volume": 6397300,
        "typical_volume": 5487475.0,
        "trend": 3.872769,
        "fair_value": 3.5363,
        "relative_strength": -8.383615,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 11.152113,
        "energy": 9.505939,
        "activity_lines": [
          3.902578,
          3.906313,
          3.93807,
          3.921362
        ]
      },
      {
        "date": "2025-08-01",
        "close": 3.832602,
        "volume": 5855300,
        "typical_volume": 5257750.0,
        "trend": 3.879916,
        "fair_value": 3.53449,
        "relative_strength": -7.490071,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -21.107196,
        "energy": 25.981372,
        "activity_lines": [
          3.874973,
          3.892481,
          3.925872,
          3.91877
        ]
      },
      {
        "date": "2025-08-08",
        "close": 3.977047,
        "volume": 5674100,
        "typical_volume": 5045850.0,
        "trend": 3.892197,
        "fair_value": 3.533384,
        "relative_strength": -5.802822,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 20.912346,
        "energy": 11.906984,
        "activity_lines": [
          3.903862,
          3.906663,
          3.927798,
          3.925037
        ]
      },
      {
        "date": "2025-08-15",
        "close": 3.964349,
        "volume": 5070900,
        "typical_volume": 5073430.0,
        "trend": 3.903097,
        "fair_value": 3.531585,
        "relative_strength": -5.761779,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.084141,
        "energy": 10.936022,
        "activity_lines": [
          3.927234,
          3.917486,
          3.928561,
          3.929692
        ]
      },
      {
        "date": "2025-08-22",
        "close": 4.033038,
        "volume": 3807300,
        "typical_volume": 4883460.0,
        "trend": 3.91214,
        "fair_value": 3.530114,
        "relative_strength": -4.476722,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 48.282819,
        "energy": 28.086603,
        "activity_lines": [
          3.967929,
          3.939452,
          3.936017,
          3.938075
        ]
      },
      {
        "date": "2025-08-29",
        "close": 4.140978,
        "volume": 3883300,
        "typical_volume": 4545785.0,
        "trend": 3.926695,
        "fair_value": 3.529783,
        "relative_strength": -2.191393,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 75.751411,
        "energy": 63.639652,
        "activity_lines": [
          4.034452,
          3.9781,
          3.954083,
          3.952839
        ]
      },
      {
        "date": "2025-09-05",
        "close": 4.101727,
        "volume": 3837200,
        "typical_volume": 4552275.0,
        "trend": 3.936431,
        "fair_value": 3.529368,
        "relative_strength": -3.766616,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.673115,
        "energy": 71.17571,
        "activity_lines": [
          4.071827,
          4.005231,
          3.967722,
          3.964131
        ]
      },
      {
        "date": "2025-09-12",
        "close": 4.229293,
        "volume": 3017100,
        "typical_volume": 4508280.0,
        "trend": 3.953185,
        "fair_value": 3.530331,
        "relative_strength": -1.450609,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.11303,
        "energy": 82.555912,
        "activity_lines": [
          4.133782,
          4.052938,
          3.993145,
          3.983025
        ]
      },
      {
        "date": "2025-09-19",
        "close": 4.11154,
        "volume": 7067200,
        "typical_volume": 4641135.0,
        "trend": 3.96794,
        "fair_value": 3.531714,
        "relative_strength": -3.061493,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.382989,
        "energy": 71.285267,
        "activity_lines": [
          4.13967,
          4.074299,
          4.006383,
          3.993242
        ]
      },
      {
        "date": "2025-09-26",
        "close": 4.013413,
        "volume": 5677700,
        "typical_volume": 4677690.0,
        "trend": 3.980066,
        "fair_value": 3.533701,
        "relative_strength": -4.243637,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.841497,
        "energy": 49.206569,
        "activity_lines": [
          4.103036,
          4.073622,
          4.009955,
          3.996176
        ]
      },
      {
        "date": "2025-10-03",
        "close": 4.082102,
        "volume": 4662800,
        "typical_volume": 4627835.0,
        "trend": 3.989987,
        "fair_value": 3.53624,
        "relative_strength": -5.552362,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.827082,
        "energy": 36.901316,
        "activity_lines": [
          4.090606,
          4.083023,
          4.020354,
          4.002759
        ]
      },
      {
        "date": "2025-10-10",
        "close": 4.062476,
        "volume": 3878900,
        "typical_volume": 4716640.0,
        "trend": 3.995082,
        "fair_value": 3.539773,
        "relative_strength": -6.045242,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 39.200723,
        "energy": 21.896758,
        "activity_lines": [
          4.07556,
          4.085544,
          4.028338,
          4.007435
        ]
      },
      {
        "date": "2025-10-17",
        "close": 4.072289,
        "volume": 3663900,
        "typical_volume": 4734140.0,
        "trend": 3.997936,
        "fair_value": 3.545216,
        "relative_strength": -3.503362,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.146207,
        "energy": 18.620423,
        "activity_lines": [
          4.066401,
          4.08567,
          4.036621,
          4.012416
        ]
      },
      {
        "date": "2025-10-24",
        "close": 4.101727,
        "volume": 2085600,
        "typical_volume": 4525050.0,
        "trend": 4.00145,
        "fair_value": 3.549673,
        "relative_strength": -4.721684,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.49378,
        "energy": 22.337932,
        "activity_lines": [
          4.077522,
          4.089417,
          4.046978,
          4.019113
        ]
      },
      {
        "date": "2025-10-31",
        "close": 4.023225,
        "volume": 4713800,
        "typical_volume": 4575515.0,
        "trend": 3.998816,
        "fair_value": 3.553906,
        "relative_strength": -6.493689,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.80338,
        "energy": 16.75114,
        "activity_lines": [
          4.06313,
          4.076392,
          4.048853,
          4.020517
        ]
      },
      {
        "date": "2025-11-07",
        "close": 3.974162,
        "volume": 11022400,
        "typical_volume": 4828120.0,
        "trend": 3.998078,
        "fair_value": 3.556089,
        "relative_strength": -8.873585,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.164553,
        "energy": 12.107999,
        "activity_lines": [
          4.03173,
          4.054626,
          4.045331,
          4.018927
        ]
      },
      {
        "date": "2025-11-14",
        "close": 3.925098,
        "volume": 7145000,
        "typical_volume": 4988745.0,
        "trend": 3.994741,
        "fair_value": 3.558517,
        "relative_strength": -10.973153,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -21.733954,
        "energy": 19.992413,
        "activity_lines": [
          3.99117,
          4.026972,
          4.036783,
          4.014218
        ]
      },
      {
        "date": "2025-11-21",
        "close": 3.905473,
        "volume": 8350700,
        "typical_volume": 5200025.0,
        "trend": 3.990751,
        "fair_value": 3.561828,
        "relative_strength": -9.783746,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -27.044033,
        "energy": 34.879028,
        "activity_lines": [
          3.953228,
          3.998961,
          4.026521,
          4.008459
        ]
      },
      {
        "date": "2025-11-28",
        "close": 3.974162,
        "volume": 4781500,
        "typical_volume": 5169325.0,
        "trend": 3.988408,
        "fair_value": 3.565802,
        "relative_strength": -9.139431,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.378489,
        "energy": 37.796613,
        "activity_lines": [
          3.949303,
          3.989327,
          4.023051,
          4.007389
        ]
      },
      {
        "date": "2025-12-05",
        "close": 3.964349,
        "volume": 2987200,
        "typical_volume": 5178960.0,
        "trend": 3.984774,
        "fair_value": 3.569938,
        "relative_strength": -9.36619,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -18.128611,
        "energy": 39.40251,
        "activity_lines": [
          3.950611,
          3.980406,
          4.018201,
          4.005837
        ]
      },
      {
        "date": "2025-12-12",
        "close": 3.954536,
        "volume": 2337700,
        "typical_volume": 4975980.0,
        "trend": 3.984345,
        "fair_value": 3.574291,
        "relative_strength": -10.583545,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.179832,
        "energy": 32.099684,
        "activity_lines": [
          3.952574,
          3.970593,
          4.012018,
          4.003886
        ]
      },
      {
        "date": "2025-12-19",
        "close": 3.934911,
        "volume": 4021000,
        "typical_volume": 4884265.0,
        "trend": 3.984546,
        "fair_value": 3.578854,
        "relative_strength": -10.572561,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -21.920693,
        "energy": 23.703237,
        "activity_lines": [
          3.949303,
          3.959532,
          4.003707,
          4.000697
        ]
      },
      {
        "date": "2025-12-26",
        "close": 3.954536,
        "volume": 1069800,
        "typical_volume": 4654050.0,
        "trend": 3.985721,
        "fair_value": 3.58315,
        "relative_strength": -11.25617,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -24.916714,
        "energy": 22.196094,
        "activity_lines": [
          3.951919,
          3.954358,
          3.996778,
          3.998761
        ]
      },
      {
        "date": "2026-01-02",
        "close": 4.0036,
        "volume": 1315700,
        "typical_volume": 4466290.0,
        "trend": 3.989495,
        "fair_value": 3.587818,
        "relative_strength": -10.375788,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -8.550492,
        "energy": 12.128474,
        "activity_lines": [
          3.96762,
          3.960246,
          3.994628,
          3.999914
        ]
      },
      {
        "date": "2026-01-09",
        "close": 4.082102,
        "volume": 3636800,
        "typical_volume": 4457765.0,
        "trend": 3.996528,
        "fair_value": 3.593044,
        "relative_strength": -10.163656,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 23.298543,
        "energy": 17.475592,
        "activity_lines": [
          4.007525,
          3.98219,
          3.999768,
          4.005889
        ]
      },
      {
        "date": "2026-01-16",
        "close": 4.072289,
        "volume": 3667100,
        "typical_volume": 4446955.0,
        "trend": 4.00227,
        "fair_value": 3.597872,
        "relative_strength": -12.107456,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 23.973743,
        "energy": 26.349606,
        "activity_lines": [
          4.036309,
          4.001281,
          4.00374,
          4.010776
        ]
      },
      {
        "date": "2026-01-23",
        "close": 4.052664,
        "volume": 4648800,
        "typical_volume": 4487535.0,
        "trend": 4.005433,
        "fair_value": 3.601454,
        "relative_strength": -13.007648,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 44.92181,
        "energy": 37.480475,
        "activity_lines": [
          4.050701,
          4.015018,
          4.00617,
          4.014028
        ]
      },
      {
        "date": "2026-01-30",
        "close": 4.0036,
        "volume": 6302100,
        "typical_volume": 4651785.0,
        "trend": 4.00696,
        "fair_value": 3.603522,
        "relative_strength": -14.049714,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 24.553665,
        "energy": 27.413621,
        "activity_lines": [
          4.040888,
          4.017516,
          4.004161,
          4.013909
        ]
      },
      {
        "date": "2026-02-06",
        "close": 4.0036,
        "volume": 4844500,
        "typical_volume": 4540650.0,
        "trend": 4.011055,
        "fair_value": 3.60599,
        "relative_strength": -14.255475,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 20.280433,
        "energy": 17.583312,
        "activity_lines": [
          4.027805,
          4.01823,
          4.003226,
          4.013693
        ]
      },
      {
        "date": "2026-02-13",
        "close": 4.03,
        "volume": 5240200,
        "typical_volume": 4518775.0,
        "trend": 4.01603,
        "fair_value": 3.608854,
        "relative_strength": -13.494146,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 10.426196,
        "energy": 7.582785,
        "activity_lines": [
          4.023521,
          4.023208,
          4.00532,
          4.014915
        ]
      },
      {
        "date": "2026-02-20",
        "close": 4.04,
        "volume": 1564900,
        "typical_volume": 4363880.0,
        "trend": 4.020696,
        "fair_value": 3.611498,
        "relative_strength": -14.43509,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 2.533784,
        "energy": 4.252871,
        "activity_lines": [
          4.026044,
          4.028811,
          4.008287,
          4.016461
        ]
      },
      {
        "date": "2026-02-27",
        "close": 4.02,
        "volume": 7231400,
        "typical_volume": 4531505.0,
        "trend": 4.026943,
        "fair_value": 3.613786,
        "relative_strength": -14.243231,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -2.634149,
        "energy": 3.777453,
        "activity_lines": [
          4.024053,
          4.029224,
          4.00955,
          4.016416
        ]
      },
      {
        "date": "2026-03-06",
        "close": 4.02,
        "volume": 8745200,
        "typical_volume": 4785570.0,
        "trend": 4.028375,
        "fair_value": 3.616928,
        "relative_strength": -11.396388,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -21.663621,
        "energy": 11.436878,
        "activity_lines": [
          4.02424,
          4.02809,
          4.011015,
          4.015968
        ]
      },
      {
        "date": "2026-03-13",
        "close": 3.97,
        "volume": 5398500,
        "typical_volume": 4951215.0,
        "trend": 4.028563,
        "fair_value": 3.619807,
        "relative_strength": -12.030025,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -38.14717,
        "energy": 17.038331,
        "activity_lines": [
          4.006667,
          4.016674,
          4.007967,
          4.012202
        ]
      },
      {
        "date": "2026-03-20",
        "close": 4.04,
        "volume": 4088300,
        "typical_volume": 4919940.0,
        "trend": 4.028795,
        "fair_value": 3.623705,
        "relative_strength": -12.046085,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -17.648737,
        "energy": 9.033185,
        "activity_lines": [
          4.014667,
          4.018597,
          4.012213,
          4.01294
        ]
      },
      {
        "date": "2026-03-27",
        "close": 3.95,
        "volume": 6952000,
        "typical_volume": 4716420.0,
        "trend": 4.022429,
        "fair_value": 3.626284,
        "relative_strength": -12.754731,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -52.744342,
        "energy": 26.221303,
        "activity_lines": [
          3.992,
          4.004921,
          4.007808,
          4.007857
        ]
      },
      {
        "date": "2026-04-03",
        "close": 3.97,
        "volume": 4890400,
        "typical_volume": 4603690.0,
        "trend": 4.018038,
        "fair_value": 3.628992,
        "relative_strength": -12.697022,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -40.223447,
        "energy": 26.23789,
        "activity_lines": [
          3.982,
          3.997105,
          4.005423,
          4.004474
        ]
      },
      {
        "date": "2026-04-10",
        "close": 4.0,
        "volume": 5405800,
        "typical_volume": 4456445.0,
        "trend": 4.010395,
        "fair_value": 3.631607,
        "relative_strength": -12.158584,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -35.055747,
        "energy": 24.20626,
        "activity_lines": [
          3.985333,
          3.996247,
          4.005681,
          4.00331
        ]
      },
      {
        "date": "2026-04-17",
        "close": 4.04,
        "volume": 6015800,
        "typical_volume": 4518160.0,
        "trend": 4.00801,
        "fair_value": 3.635106,
        "relative_strength": -10.91783,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 5.024659,
        "energy": 6.045317,
        "activity_lines": [
          4.003333,
          4.002727,
          4.009298,
          4.00522
        ]
      },
      {
        "date": "2026-04-24",
        "close": 4.04,
        "volume": 4248700,
        "typical_volume": 4581235.0,
        "trend": 4.008897,
        "fair_value": 3.63889,
        "relative_strength": -9.112484,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 10.680573,
        "energy": 7.989972,
        "activity_lines": [
          4.016667,
          4.008545,
          4.012602,
          4.007284
        ]
      },
      {
        "date": "2026-05-01",
        "close": 4.02,
        "volume": 3981700,
        "typical_volume": 4663435.0,
        "trend": 4.006827,
        "fair_value": 3.642488,
        "relative_strength": -8.922178,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 31.492184,
        "energy": 19.15382,
        "activity_lines": [
          4.023333,
          4.010545,
          4.013641,
          4.008001
        ]
      },
      {
        "date": "2026-05-08",
        "close": 3.99,
        "volume": 8118700,
        "typical_volume": 4868320.0,
        "trend": 4.004411,
        "fair_value": 3.646293,
        "relative_strength": -9.304707,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 24.719892,
        "energy": 14.246223,
        "activity_lines": [
          4.015333,
          4.007455,
          4.011511,
          4.006915
        ]
      },
      {
        "date": "2026-05-15",
        "close": 3.98,
        "volume": 4417000,
        "typical_volume": 5035680.0,
        "trend": 4.001334,
        "fair_value": 3.64992,
        "relative_strength": -10.325556,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 10.225736,
        "energy": 4.3182,
        "activity_lines": [
          4.002667,
          4.003091,
          4.008166,
          4.00534
        ]
      },
      {
        "date": "2026-05-22",
        "close": 3.99,
        "volume": 5695400,
        "typical_volume": 5254665.0,
        "trend": 3.99761,
        "fair_value": 3.65401,
        "relative_strength": -11.070828,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -5.996371,
        "energy": 7.369611,
        "activity_lines": [
          3.994667,
          4.001273,
          4.005653,
          4.004609
        ]
      },
      {
        "date": "2026-05-29",
        "close": 4.01,
        "volume": 4469300,
        "typical_volume": 5296290.0,
        "trend": 3.997169,
        "fair_value": 3.658456,
        "relative_strength": -9.674954,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -12.272704,
        "energy": 9.596116,
        "activity_lines": [
          3.996667,
          4.002727,
          4.005109,
          4.005408
        ]
      },
      {
        "date": "2026-06-05",
        "close": 3.96,
        "volume": 2018000,
        "typical_volume": 5213835.0,
        "trend": 3.996697,
        "fair_value": 3.662582,
        "relative_strength": -10.615691,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -25.748868,
        "energy": 22.68368,
        "activity_lines": [
          3.984,
          3.995636,
          4.000146,
          4.00301
        ]
      },
      {
        "date": "2026-06-12",
        "close": 3.94,
        "volume": 1637600,
        "typical_volume": 5063275.0,
        "trend": 3.997194,
        "fair_value": 3.666238,
        "relative_strength": -10.234767,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -30.981626,
        "energy": 33.566323,
        "activity_lines": [
          3.968667,
          3.984727,
          3.993813,
          3.999352
        ]
      },
      {
        "date": "2026-06-19",
        "close": 3.94,
        "volume": 2122300,
        "typical_volume": 4854285.0,
        "trend": 3.998345,
        "fair_value": 3.669836,
        "relative_strength": -12.647705,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.687479,
        "energy": 48.652307,
        "activity_lines": [
          3.956667,
          3.974364,
          3.988017,
          3.995662
        ]
      },
      {
        "date": "2026-06-26",
        "close": 4.09,
        "volume": 979300,
        "typical_volume": 4661025.0,
        "trend": 4.002206,
        "fair_value": 3.673826,
        "relative_strength": -8.88135,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -9.263943,
        "energy": 7.275402,
        "activity_lines": [
          3.997333,
          3.992364,
          3.99681,
          4.001576
        ]
      },
      {
        "date": "2026-07-03",
        "close": 4.1,
        "volume": 1358100,
        "typical_volume": 4466920.0,
        "trend": 4.006728,
        "fair_value": 3.67845,
        "relative_strength": -9.161255,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 36.420493,
        "energy": 31.653801,
        "activity_lines": [
          4.034667,
          4.011273,
          4.006143,
          4.007885
        ]
      },
      {
        "date": "2026-07-10",
        "close": 4.11,
        "volume": 5526300,
        "typical_volume": 4664990.0,
        "trend": 4.01191,
        "fair_value": 3.683424,
        "relative_strength": -12.298034,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 64.984357,
        "energy": 59.720799,
        "activity_lines": [
          4.069333,
          4.030909,
          4.016095,
          4.014548
        ]
      },
      {
        "date": "2026-07-17",
        "close": 4.16,
        "volume": 4178000,
        "typical_volume": 4512320.0,
        "trend": 4.019413,
        "fair_value": 3.688262,
        "relative_strength": -11.537871,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.257686,
        "energy": 76.675018,
        "activity_lines": [
          4.110667,
          4.058,
          4.030476,
          4.024102
        ]
      },
      {
        "date": "2026-07-24",
        "close": 4.17,
        "volume": 4615500,
        "typical_volume": 4305835.0,
        "trend": 4.026595,
        "fair_value": 3.692878,
        "relative_strength": -12.243061,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.113715,
        "energy": 79.938903,
        "activity_lines": [
          4.140667,
          4.083818,
          4.045143,
          4.033817
        ]
      },
      {
        "date": "2026-07-31",
        "close": 4.22,
        "volume": 3877200,
        "typical_volume": 4229770.0,
        "trend": 4.033809,
        "fair_value": 3.697741,
        "relative_strength": -11.478309,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.027091,
        "energy": 85.852091,
        "activity_lines": [
          4.172,
          4.115273,
          4.063857,
          4.046295
        ]
      },
      {
        "date": "2026-08-07",
        "close": 4.22,
        "volume": 4130900,
        "typical_volume": 4231900.0,
        "trend": 4.038405,
        "fair_value": 3.702952,
        "relative_strength": -12.170849,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.073285,
        "energy": 85.013018,
        "activity_lines": [
          4.194667,
          4.142545,
          4.081381,
          4.058307
        ]
      }
    ],
    "method": {
      "price_basis": "completed market observations",
      "trend": "Trend provides the primary directional reference.",
      "fair_value": "Fair Value provides long-term price context and is not a forecast or target.",
      "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.",
      "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read."
    }
  }
}